Refund Anticipation Loans/Tax Prep

Consumer Information

Press Releases

Studies

Testimony and Comments


Consumer Information

  • Refund Anticipation Loans: Updated Facts and Figures, 01/17/06. (PDF)

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Press Releases

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Studies

  • Consumers at Risk from Tax-Time Financial Products and Unregulated Preparers, 02/28/2014. (PDF)
  • Something Old, Something New In Tax-Time Financial Products: Refund Anticipation Checks and the Next Wave of Quickie Tax Loans, 02/28/13 (PDF)
  • 2012 CFA/NCLC Refund Anticipation Loan Report: The Party’s Over for Quickie Tax Loans: But Traps Remain for Unwary Taxpayers, 02/29/12. (PDF)
  • End of the Rapid Rip-Off: The NCLC/CFA 2011 Refund Anticipation Loan Report, 02/28/11. (PDF)
  • 50-State Small Dollar Loan Scorecard, 5/12/10. (PDF)
  • Major Changes in the Quick Tax Refund Loan Industry: the NCLC/CFA 2010 Refund Anticipation Loan Report, 2/26/10. (PDF)
  • Big Business, Big Bucks: Quickie Tax Loans Generate Profits for Banks and Tax Preparers while Putting Low-Income Taxpayers at Risk. The NCLC/CFA 2009 Refund Anticipation Loan Report, 02/27/09. (PDF)
  • Coming Down: Fewer Refund Anticipation Loans, Lower Prices from Some Providers, But Quickie Tax Refund Loans Still Burden the Working Poor: The NCLC/CFA 2008 Refund Anticipation Loan Report, 03/31/08. (PDF)
  • One Step Forward, One Step Back: Progress Seen in Efforts Against High Priced Refund Anticipation Loans, But Even More Abusive Products Introduced, 02/05/07. (PDF)
  • Pay Stub and Holiday RALs: Faster, Costlier, Riskier in the Race to the Bottom, 11/29/06. (PDF)
  • Another Year of Losses: High-Priced Refund Anticipation Loans Continue to Take a Chunk Out of Americans' Tax Refunds, 02/02/06. (PDF)
  • Refund Anticipation Loans Still Slicing Into Low-Income American's Hard-Earned Tax Refunds, 02/01/05. (PDF)
  • All Drain, No Gain: Refund Anticipation Loans Continue to Sap the Hard-Earned Tax Dollars of Low-Income Americans, 01/28/04. (PDF)
  • The High Cost of Quick Tax Money: Tax Preparation, 'Instant Loans, and Check Cashing Fees Target the Working Poor, 01/29/03. (PDF)

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Testimony and Comments

  • Letter to the IRS Urges Implementation of Split Refund Option, 02/14/11. (PDF)
  • Consumer Groups Urge Bank Regulators to Address Refund Anticipation Loans, 10/13/10. (PDF)
  • Comments to Treasury on Direct Deposit Proposed Rules Regarding SS and SSI Payments, 07/13/10. (PDF)
  • CFA Urges Congress to Pass the Dodd-Frank Conference Report Immediately, House Version, 06/28/10. (PDF)
  • CFA Urges Congress to Pass the Dodd-Frank Conference Report Immediately, Senate Version, 06/28/10. (PDF)
  • Letter to the Senate on Consumer Priorities in Financial Regulatory Reform Conference, 06/08/10. (PDF)
  • Letter to the House on Consumer Priorities in Financial Regulatory Reform Conference, 06/08/10. (PDF)
  • Comments Regarding Cooling-Off Rule Regulatory Review, 9/25/09. (PDF)
  • Position Paper: The Need for High Cost Lending Consumer Protections, 08/12/09. [PDF]
  • CFA and NCLC Comments to IRS Regarding RALs and the Improvement of Tax Preparation, 08/12/09. (PDF)
  • CFA Letter to Comptroller on Refund Anticipation Loan Bank Oversight, 04/15/09. (PDF)
  • Comments Regarding IRS Advance Notice of Proposed Rulemaking: Guidance Regarding Marketing of Refund Anticipation Loans (RALs) and Certain Other Products in Connection with the Preparation of a Tax Return, 04/08/08. (PDF)
  • Letter to Senators Grassley and Baucus on Privacy of Tax Return Information, 05/11/06. (PDF)
  • Free Direct Electronic Filing with IRS Support Letter, 04/24/06. (PDF)
  • Consumer Group Testimony on the Impact of Regulatory Relief Proposals Affecting Banks, Thrifts and Credit Unions, 03/15/06. (PDF)
  • Consumer Group Comments on IRS Proposed Changes to Regulations Governing How Tax Preparers Use and Disclose Confidential Taxpayer Information, 03/09/06. (PDF)
  • Consumer Group Comments on Amendments to Section 7216 Regulations and Revenue Guidance, 03/09/06. (PDF)
  • Testimony of CFA's Travis Plunkett on Current Proposals Considered for Regulatory Relief Legislation, 06/21/05. (PDF)
  • Consumer Groups Alert Treasury in Free File Privacy Violations, 03/24/03. (PDF)
  • Consumer Groups Urge IRS to Provide Online Filing on Its Own Website, 09/05/02. (PDF)

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